https://www.taxtmi.com/caselaws?id=403728 The Income Tax Appellate Tribunal (ITAT) upheld the lower authorities' decision that the assessee-society's activities were charitable and that the principle of mutuality applied to its income, including bank interest. The ITAT emphasized the importance of consistency in tax treatment across assessment years, supported by precedents from the Delhi High Court and the Supreme Court. The ITAT dismissed the Revenue's appeal, highlighting that the assessee-society's registration under Section 12A was still valid, reinforcing its charitable status. en-us Mon, 01 Feb 2021 00:00:00 +0530 Sat, 03 Apr 2021 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403728 The Income Tax Appellate Tribunal (ITAT) upheld the lower authorities' decision that the assessee-society's activities were charitable and that the principle of mutuality applied to its income, including bank interest. The ITAT emphasized the importance of consistency in tax treatment across assessment years, supported by precedents from the Delhi High Court and the Supreme Court. The ITAT dismissed the Revenue's appeal, highlighting that the assessee-society's registration under Section 12A was still valid, reinforcing its charitable status. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403728